The Welles Wilders Smoothingindicator is similar to an exponential moving average. The indicator does notuse the standard exponential moving average formula. This indicator is used ina the manner that any other moving average would be used. Moving averages areused to help identify the trend of prices. By creating an average of prices, that moves with the addition of newdata, the price action on the security being analyzed is smoothed.
VOGAZ - Technical Analysis Tool and Charting Software
VOGAZ- A Technical Analysis Tool and Charting Software for Stock, Forex & Commodity Market Investors and Traders.
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